Applications Administration Guide > Ongoing Application Administration Tasks >

Setting Up Currencies

You specify the currencies your company uses by:

• Making Currencies Active. If the application includes the currency definitions you need, you make these currencies active.
• Defining Currencies. If you need additional currencies whose definitions the application does not include, you must also define these currencies.

NOTE:  If you use multiple currencies, you must also set up exchange rates before you import data that contains foreign currencies and before you use any of the Siebel currency features.

Making Currencies Active

The application includes more than 30 currency definitions. If your currency is one of these, you need only mark it as active.

To make currencies active

1. Navigate to Administration - Data screen > Currencies view.
2. For any currency that you want to make active, click the Active column in the Currencies list.
3. (Optional) Enter the Start Date and End Date in the form to specify the date when this currency becomes active and the date when it is no longer active.

Defining Currencies

If your company uses any currencies that the application does not include, you must define them and mark them as active.

If you modify the definition of currencies, you must clear the cache or log out and back in to the application before the modification becomes visible. For more information about clearing the cache, see Clearing the Cache.

You cannot delete a currency once you have defined it. If you no longer use it, you can mark it as inactive.

To define a currency

1. Navigate to Administration - Data screen > Currencies view.
2. Create a new record and complete the necessary fields.

   Some fields are described in the following table.

   Field	Comments
   Code	A three-letter code for the currency.
   Name	The name of the currency.
   Issuing Country	The country that issues the currency.
   Symbol	The symbol for the currency, such as $.
   Scale	The number of places after the decimal used for displaying currency in the interface. For example, U.S. Dollars has a scale of 2 to accommodate the cents, so an amount would be displayed as $10.50. If the scale were 1, this same amount would be displayed as $10.5.
   Smallest Denomination	The smallest unit of currency available. For instance, the smallest unit of currency for the U.S. Dollar is one cent, or .01 dollars. If there were no cents, the scale would still be 2, but the smallest denomination would be $0.05.
   EMU Triangulation	Check to indicate that this currency must be converted to other checked currencies using the EMU Triangulation method.
   Active	Indicates whether or not the currency can be chosen by the end user.
   Start Date	The date when the currency becomes active.
   End Date	The date when the currency is no longer active.
   Extended Scale	The number of places after the decimal used for storing currency data in the database. If the values in the Extended Scale and Scale fields are different, results of currency calculations, for instance conversions or discounts, may be different than expected. This is because the currency values that are stored in the database are used for these calculations, rather than the displayed values.